by How To Set Up | Nov 6, 2025 | Uncategorized
A feature that lets users click on summary figures to see detailed transactions behind them. For example, from “Total Sales” down to individual invoices. Enhances transparency and understanding of numbers.
by How To Set Up | Nov 4, 2025 | Uncategorized
A U.S. law passed in 2002 to enhance corporate governance and financial transparency. Requires stricter internal controls and auditor independence. Applies mainly to publicly traded companies.
by How To Set Up | Nov 4, 2025 | Uncategorized
A long-term liability secured by real property. Payments typically include both principal and interest. Often broken into current and long-term portions.
by How To Set Up | Oct 26, 2025 | Uncategorized
Guides accountants to anticipate losses but not gains, meaning potential expenses and liabilities are recognized promptly while revenues are only recorded when certain. Ensures financial statements are not overly optimistic.
by How To Set Up | Oct 19, 2025 | Uncategorized
Costs to develop new products, services, or processes. Often capital-intensive but critical for innovation. May be expensed immediately or amortized depending on regulations.
